True!
Though the one who sells "higher" bits music often comes with better recording & mixing control.
So it's still better than normal CDs.
But if the record company's doing great job in their recording & mixing, than it's really no perceptible difference between 24bits & 16bits.
Nor was it with 44kHz & 96kHz :).
Also, I guess it's easier to achieve better recording result with vinyl, since it a simpler matter than digital.
And that's the reason I think many people still preferred vinyl over CD.